The individual who brings together economic resources and assumes the risk in a capitalist economy is called the:
a. Stockbroker
b. Entrepreneur
c. Banker
d. Manager
b. Entrepreneur
Economics
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Refer to the figure below. If Cory chooses A, then Jess's best response is:
A. to choose A. B. to choose the cell in which Jess's payoff is 10. C. non-existent. D. to choose B.
Economics
In monopolistic competition, a firm has some ability to affect the price for its product because of
A) easy entry and exit. B) economic profits. C) product differentiation. D) many competitors.
Economics
Which of the following are bank assets?
A) the building owned by the bank B) a discount loan C) a negotiable CD D) a customer's checking account
Economics
What is the rule for efficient output selection and how does the competitive market achieve it?
Economics